He invest the millions after his company has been vetted for the commercial enterprise certificate.

No step one is apply for a commercial enterprise certificate. Once that is received then you can apply for the work permit. This means that Government has already done the background work. This certificate must be responded to by Government in a reasonable time frame. Basically they are saying if we have given you the OK for your company to come here, you will get the work permits quickly.

Tell me what you would like done in this scenario: A person wants to come to Bahamas to set up a small off shore wealth management company run by himself. He will be in charge, however he will also need a secretary and an accountant who is also able to do compliance. In addition he will either buy a house (tax to Government) or rent (money to a landlord). He will need to rent an office (money to landlord), and probably pay for a maid at the office and house plus a gardener. So each month he is paying rent, salaries to at least 5 people (himself, secretary, Accountant, maid and gardener) who in turn will spend this money as they see fit (restaurants, bars, movies etc) in areas that also employee Bahamians. Remembering that this is his company and if he is told that after 3 years he needs to leave and have a Bahamian in charge, do you think he will say i am ok with this, or no i will go somewhere else?
I assume you are happy with him going somewhere else, and don't care about the 4 Bahamian people who would have been employed and all the additional money spent in the country thanks to his company. All because he will not give up his company. Now there may come a day when he retires and will give it up and that person may well be a Bahamian who has worked with him for years, and developed the relationships with the clients that takes a long time to develop, however that will not be in 3 years.

If that happens then i will be wrong and i will no longer trust this Government. I currently am willing to take the chance that this bill will lead to a more diversified economy with Bahamians having the opportunity to join in and benefit from it, because what is currently happening here is not working.

Well written and i agree for this to benefit us it needs to give Bahamians the opportunity and incentive to work in these industries. 50 odd years ago the off shore finance industry came here, since then there have been numerous Bahamian CFA's CPA's and others, showing that when we are given the opportunity we can do it. If we had taken the course back then of saying no many of these would never have had the opportunity of doing this.

So you don't think Bahamians are capable, as you say what i have said is lies. Go to the US, Canada, UK and other places and check how many Bahamians are working at the top of their industries, be it doctors, finance people or others. This shows Bahamians can do it. I said it will take 15-20 years to happen, this is due to the schooling you would need which would be 3-6 years depending (and maybe more). Then you have to work your way up. There are not many people at the top of their industries with 2 years training, but i stand to be corrected.

Quick glance but it takes 7 days in Singapore. You would not apply and then do your research about the viability, you check the viability then apply.
Also you name Myers and Daguillar however the industries they are in are not on this list. This is for setting up a business, not working for an existing business, and is to facility its success which will help all concerned.

I take it Mr. Cooper would have no problem with Cayman and Turks and Caicos closing down his Insurance companies in these countries, as he is taking jobs from locals there.

They are trying to force immigration to respond in a reasonable time frame. Every Government has tried to implement a time frame for when immigration would respond to applications, however immigration never keeps to it. This means immigration either steps up to the plate or is on the sideline.

The reason for the 14 days is in order for Bahamas to compete with the rest of the world we have to be quicker at decision making. This is forcing the Governments hand to speed up the process. Companies can not wait months on end waiting on Government to give them an answer. They will just go elsewhere. The amount of investment lost in this country due to delays in applications and people wanting kickbacks is staggering, and if these had not happened this country would be a lot further ahead then we are now.